Cover Story – Motor : More cars do not exactly mean good business
Source: Asia Insurance Review | Apr 2011
While more cars in Asia mean more business for insurers, motor insurance in most of the region is too laden with issues, not to mention players, that this equation may not necessarily hold true profit wise. Compulsory motor insurance has particularly been a bane for motor insurers, and in one market, many players are shunning this business. Nonetheless, more vehicles will swarm Asia’s roads, and insurers will continue to take advantage of this business opportunity while dealing with pricing and loss ratio problems.
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